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Written by Beckett » Updated on: November 19th, 2024
Rapeseed Oil Prices in India
India: 1127 USD/MT (Jun 23)
In December of Q4 2023, rapeseed oil in India hit $1127 per metric ton. The HSBC India Manufacturing Purchasing Managers' Index exceeded initial projections, climbing from January's 56.5 to 56.9.
The latest report by IMARC Group, titled "Rapeseed Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of rapeseed oil price trend. This report delves into the price of rapeseed oil globally, presenting a detailed analysis, along with informative rapeseed oil price chart. Through comprehensive rapeseed oil price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the rapeseed oil demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Rapeseed Oil Prices December 2023:
Report Offering:
The study delves into the factors affecting rapeseed oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/rapeseed-oil-pricing-report/requestsample
Rapeseed Oil Price Trend- Q4 2023
The increasing demand for rapeseed oil in the food industry is driving the global market. Additionally, the biofuel sector significantly propels the market, as rapeseed oil is a crucial feedstock for biodiesel production, driven by growing environmental concerns and government policies promoting renewable energy sources. The expansion of rapeseed cultivation in major producing regions, such as Europe and North America, supported by favorable climatic conditions and advancements in agricultural practices, also plays a vital role in meeting the rising demand. Furthermore, the market benefits from the robust export activities of major producing countries, ensuring a steady supply chain. Economic factors such as currency fluctuations, particularly the appreciation of the dollar against other currencies, can impact market dynamics by affecting the profitability of exports and imports. The ongoing research and development initiatives aimed at improving the oil extraction process and enhancing the quality of rapeseed oil further drive market growth.
Rapeseed Oil Market Analysis
The global rapeseed oil market size reached US$ 35.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 54.9 Billion, at a projected CAGR of 4.7% during 2023-2032. In the first quarter of 2024, rapeseed oil prices in North America exhibited a mixed trend, reflecting both regional and global market conditions. Initially, January saw a significant decline in prices due to reduced downstream demand and high inventory levels held by market participants. This oversupply situation prompted downstream processing enterprises to adjust their procurement strategies, leading to further price reductions. The appreciation of the dollar against major producing nations' currencies also played a role in this downward trend by making exports more competitive and affecting the overall market sentiment. Moreover, the reluctance of traders to engage actively, driven by weakened purchasing from end-user sectors such as biofuel and food industries, compounded the price decline. February continued to witness price drops, influenced by Germany's price reductions, which impacted the competitive strategies of US market players.
The Asia Pacific region experienced a predominantly positive trend in rapeseed oil prices during the first quarter of 2024. The quarter began with a steady decline in prices, attributed to a robust harvest from the previous season, which reduced import dependence and shaped a pessimistic market outlook initially. Favorable weather conditions had improved yields, allowing local market participants to strategically destock inventories and prepare for new supplies. Despite the continued depreciation of the INR against the dollar, market buying sentiments remained subdued, with traders showing reluctance to procure goods due to low inquiries from oil mills. However, February brought a slight uptick in downstream consumption, supported by sufficient inventories provided by traders. The rise in the HSBC final India manufacturing purchasing managers' index indicated strong production growth across various sectors, including downstream agriculture and food industries, propelling demand for rapeseed oil.
Key Points Covered in the Rapeseed Oil Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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